ISSN 0379-2056 I I I COMMISSION OF THE EUROPEAN COMMUNITIES · DIRECTORATE GENERAL FOR ECONOMIC AND FINANCIAL AFFAIRS Supplement A — No 12 — December 1984 In this number : Recent price developments Recent economic trends in the EC measured by a three-month moving average, also picked up European Council welcomes the Commission's Annual Economic Report. — At its meeting in Dublin on 3-4 December the sharply (see Graph 1). In September, industrial production in European Council supported the guidelines set out in the text the Community was 1.8 % higher than a year earlier. Rates of the Annual Economic Report 1984-85 proposed by the of growth over 12 months were particularly high in Denmark Commission. The proposed text was also formally adopted by (17.1 %), principally as a result of increased output of investment goods, Italy (6.2 %) and Ireland (4.2 %), while in the Council in December. (See box inset for the text of the European Council's conclusions on the economic and social the United Kingdom production was 1 Vi % lower than in situation in the Community.) September 1983. Output was unchanged in Germany, although the German statistical office has indicated that this provisional figure may be subject to upward revision. At the Industrial production back towards trend in the third quarter.